As the calendar flips to August, it’s time again for another series of moves at Kirkland & Ellis, which a year ago this time saw a spate of departures, most of which were from the firm’s robust nonequity partnership tier.

But for every salaried partner that flees the Kirkland fold, another high-priced hire is never too far away. The Am Law Daily has learned that Kirkland is poised to poach Simpson Thacher & Bartlett banking and finance partner MELISSA HUTSON in New York with a guaranteed compensation package of $4.2 million per year in partnership shares and bonuses for the next three-and-a-half years, according to a source briefed on the matter.